Which of the following is a reason why only limited attempts are made to compensate those who lose from free international trade?
A) Free trade advocates consistently lobby to eliminate compensation.
B) It would be difficult to determine the extent to which someone's sufferings were because of free trade and not due to reasons under their own control.
C) No one loses in the from free trade in the long run.
D) None of the above answers are correct.
B
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Reserve deposits are
A) assets for financial institutions, but liabilities for the Fed. B) liabilities for financial institutions, but assets for the Fed. C) assets for both financial institutions and the Fed. D) liabilities for both financial institutions and the Fed.
(Requires Appendix material) The following are examples of limited dependent variables, with the exception of
A) binary dependent variable. B) log-log specification. C) truncated regression model. D) discrete choice model.
When they first appeared in the U.S., corporations did not have all the advantages that they have today. For example, early corporations:
a. had to be re-chartered upon the death of a shareholder. b. were taxed at a higher rate than sole proprietorships and partnerships. c. did not have the legal protection of limited liability. d. were not allowed to have more than 12 shareholders. e. All of the above.
Sport Tee Corporation manufactures T-shirts bearing the logos of professional football teams. The wholesale market for sport T-shirts is perfectly competitive. The manager forecasts the wholesale price of T-shirts next year to be $7.00. The firm's estimated marginal cost isSMC = 12 ? 0.005Q + 0.0000008Q2where Q is the number of T-shirts produced and sold each month. Sport Tee Corporation will have a fixed cost of $2,000 per month. Monthly profit will be
A. $2,250 B. $4,250 C. -$1,150 D. -$2,000 E. $3,400